If you’d invested in: Gear4Music and Countrywide

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Gear4Music (Aim: G4M) sells musical instruments online. It was founded in York in 2003 and listed on Aim in 2015, and now operates across Europe. Revenue is climbing nicely, having risen 46% to £35.5m in the 12 months to 29 February 2016, with a pre-tax
loss morphing into a small profit. Its latest trading update showed a 73% rise in total sales in the six months to 31 August. The share price has risen sharply, climbing almost 180% in the last 12 months.

Be glad you didn’t…

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Countrywide (LSE: CWD) runs Britain’s largest chain of residential estate agents, operating through brands such as Bairstow Eves and Slater Hogg & Howison. It is facing stiff competition from the internet, and is weathering a post-referendum slowdown in residential transactions. In July it warned that full-year profits would be down on the previous year. And in September it closed 59 branches. The share price has been in gradual decline since early 2014, and has shed more than 50% in the last year.